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Crypto Market Update (02 August 2018)

The market is holding steady today. Nearly all coins are somewhat down, but most are not down by large percentages. Trading volume dropped just $1 million to $13 Billion in 24 hours. ODEM (ODE) is the major stand out of the top 100 coins by market cap - up almost 14% in the past 24 hours. Bitcoin (BTC) is right around $7,500 for about no change and a total market dominance of about 48.5%, and Ethereum (ETH) is right at $415 for -2% change in the past 24 hours. Market cap for the overall cryptocurrency market is down only $1 billion doin to $268 billion total.

Major Headlines

Democratic Presidential Candidate Accepts Crypto-Donations

One of the 2020 U.S. presidential candidates is accepting Bitcoin, Ethereum, and any other ERC-20 tokens for campaign donations. The Andrew Yang limits cryptocurrency donations to $2,500. The campaign will only accept donations after donors fill out a form to prove their voter credentials. They are making a strong appeal to the younger generations by also accepting payment through popular P2P money app Venmo, limited to $2,700. Other technology uses for the campaign have been Amazon-owned Twitch and Facebook-owned Instagram’s Instagram TV for live broadcasting events. Yang is in favor of "human capitalism," which is geared to maximise human well-being. He authored a book called "The War on Normal People" which argues in favour of a universal basic income of $1,000 a month for all US citizens between the ages of 18 to 64.

Thomas Reuters Partners With CryptoCompare

Earlier this year Reuters launched a Cryptocurrency Sentiment package through MarketPsych Indices, monitoring more than 2,000 global news and 800 social media sites in real-time. It gauges things like "excitement" or "hope" and applies machine learning for potential investment incite. Now they will be an extensive data stream from CryptoCompare on their Eikon financial platform including market pricing over 5,000 coins and over 200,000 currency pairs, trade data, order book data, block explorer data and social media information. “Despite the decline in the price of many of the leading cryptocurrencies during 2018, we continue to see increasing demand from our customers for pricing coverage of the major names.” - Sam Chadwick, Director of Strategy in Innovation and Blockchain, Reuters

$100 Million Hashgraph Funding

Hedera’s HashGraph raised $18 million through a private token sale earlier this year and still plans $20 million more through an ICO later this year that will be open only to accredited investors. The company is developing a novel form of distributed ledger technology. Of the $100 million, 10% percent was donated by employees, and Blocktower's Ari Paul was also part of the funding.